The inflation battle continues. The Federal Reserve yesterday raised interest rates by a hefty 75 basis points, again, in a renewed effort to tame inflation’s recent surge. The key question: When will we start to see results?
Daily Archives: July 28, 2022
Macro Briefing: 28 July 2022
* Federal Reserve raises interest rates 75 basis points… again
* Senator Joe Manchin, key Democrat vote, agrees to climate legislation
* Senate passes $52 billion bill supporting US semiconductor production
* North Korea returns to saber rattling with new threat
* CBO predicts sharp increase in US public debt burden and deficit
* Eurozone economic sentiment falls sharply in July, signaling recession is near
* US 10yr Treasury yield holds below 2.8% after another Fed rate hike:
